Benefits of Data Warehousing
There are obvious benefits of data warehousing. Because of the benefits of data warehousing, many businesses and operations are deciding to utilize or expand the decision support systems. Data warehousing is not an inexpensive project to undertake and the fact that companies decide to pour in millions of dollars to take advantage of the benefits of data warehousing is a testament to how useful and important the decision support system is to their business or operation. However most of the benefits of data warehousing are realized only after important and well informed decisions are made. There are other benefits of data warehousing that do not require addition resources, this article will highlight the some of the many benefits of data warehousing.
Benefits of data warehousing, Data storage
One of the biggest issues addressed by the benefits of data warehousing is lack of fast access to data. One of the many benefits of data warehousing is that it allows all the historical data a business has accumulated over time to be gathered and stored in one central repository. This eliminates any issues with data sourcing. The data in the system represents what your business is doing as a whole, one of the key benefits of data warehousing.
Benefits of data warehousing, quick and easy
Another of the benefits of data warehousing is the speed and ease of access to data. This is one of the extremely appealing benefits of data warehousing to businesses because they want to be on top of all aspects of their business as soon as possible. Managers now have access to all the data in the warehouse and are able to do what ever it is they wish with that new information. One of the biggest benefits of data warehousing.
Benefits of data warehousing, high quality data
The benefits of data warehousing all start with having the proper data in the data warehouse. This is done by cleansing the data. Data cleansing starts off by taking a look at the data and simply removing any undesirable data. Undesirable data can greatly disrupt the whole data warehousing project. Undesirable data is usually data that is "dirty" or inconsistent. Data cleansing makes the whole process of reporting and analyzing a lot simpler and quicker for management or any other department. Higher quality data is as a result one of the other benefits of data warehousing.
Benefits of data warehousing, results
Benefits of data warehousing can lead to great results for businesses. The benefits of data warehousing really depend on the initial use of system. If a company wishes to track buying patterns in certain areas then data warehousing can really benefit them. Or if a company wants to do its best to detect fraud before it happens, they may also find this as one of many benefits of data warehousing. Not only can data warehousing be used to detect fraud, as a result of having a better system in place that allows you to detect fraud more efficiently, more money will be saved. Data warehousing is a decision support system, which means that businesses have more information and can make crucial decisions with the support of the new information. This can result in having a competitive edge on the competition and in an uncertain economy. Businesses will take any advantage they can.